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Community Bankers View CUs as Chief Competitor for Consumer Loans: Survey

Of note: 35.6% of the bankers predict credit unions will remain their primary competitor.

Loan competition.

Community banks view credit unions as their primary competitor for consumer loans, according to a survey of community banks conducted by the Federal Reserve and the Conference of State Bank Supervisor and released this months.

In the survey of 521 bankers in 37 states conducted April through July, 41.3% of those surveyed viewed credit unions as their chief competitor for consumer loans.

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David Baumann

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